IRS Data on Income Shifts Shows Progressivity of Federal Individual Income Tax

Here I mistakenly used the word “wealth” when I should have said “income."

Summary of Latest Federal Individual Income Tax Data

Summary of Latest Federal Income Tax Data

I used the word "effective" when I meant "efficient."  Here I should have said, “Capitalism doesn’t work by efficiently allocating existing resources."

The Capitalist’s Case for a $15 Minimum Wage

Nick Hanauer's Near Insane $15 An Hour Minimum Wage Proposal

CEOs Now Earn 273 Times the Average Worker's Pay — Should You Be Mad?

Nick Hanauer est un type riche, un capitaliste sans complexes - et il a quelque chose à dire à ses camarades ploutocrates : Réveillez-vous ! L'inégalité grandissante est sur le point d'enfoncer nos sociétés dans des conditions similaires à la France pré-Révolutionnaire. Ecoutez comment il affirme qu'une hausse considérable du salaire minimal pourrait accroître la classe moyenne, apporter la prospérité économique... et éviter une révolution.

Attention, amis ploutocrates, les fourches sont en marche

Rising economic inequality is pushing society toward instability, risking a future reminiscent of pre-revolutionary France. In 1980, the top one percent held 8 percent of national income; today, they hold over 20 percent, with the bottom 50 percent falling behind. Sustainable prosperity depends on a strong middle class, not the accumulation of wealth at the very top. Abandoning trickle-down thinking and investing in widespread economic participation can prevent unrest and build a thriving economy.